The Conference Board Leading Economic Index® (LEI) for South Korea Increased

Information contained on this page is provided by an independent third-party content provider. Frankly and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact pressreleases@franklyinc.com

SOURCE The Conference Board

NEW YORK, March 8, 2018 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for South Korea increased 0.9 percent in January 2018 to 103.5 (2016=100).

The Conference Board Coincident Economic Index® (CEI) for South Korea increased 0.3 percent in January 2018 to 101.7 (2016=100).

The composite economic indexes are the key elements in an analytic system designed to signal peaks and troughs in the business cycle. The leading and coincident economic indexes are essentially composite averages of several individual leading or coincident indicators. They are constructed to summarize and reveal common turning point patterns in economic data in a clearer and more convincing manner than any individual component – primarily because they smooth out some of the volatility of individual components.

For more information about The Conference Board global business cycle indicators, click here.

ABOUT THE CONFERENCE BOARDThe Conference Board is a global, independent business membership and research association working in the public interest. Our mission is unique: To provide the world's leading organizations with the practical knowledge they need to improve their performance and better serve society. Winner of the Consensus Economics 2016 Forecast Accuracy Award (U.S.), The Conference Board is a non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. www.conference-board.org